New Delhi, June 29 -- NEW YORK - Twenty-four years after Brian Roberts paid $43.6 billion for Vivendi Universal and turned that bet into NBC, Universal Pictures, Peacock, and a European satellite network, Comcast announced Sunday it is giving the entertainment business its independence. Wall Street wasted no time deciding that was the right call.

the sum of Comcast's parts was worth more than the whole.

The separation divides a $100.49 billion conglomerate into two focused companies. Comcast retains its connectivity business - broadband, wireless, and the cable infrastructure that generated $46 billion in revenue in 2025 - and becomes a leaner operator built around its most reliable cash flow. The new media entity, internally referred t...